We talk about this subject at great length in my neck of the woods and oh boy, is it coming..........fast. Now let's be honest here and let me ask a few questions. How much cash are you carrying right now in your wallet? The last time you saw eight year olds selling Girl Scout cookies, did you have to pass them by with no bills in your pocket? No thin mints for you! How many purchases do you make per day in cash and how many times do you simply swiping your debit or credit card? Do your bills come in the mail and get paid via the same method, or are they paid on the internet?
Love it or hate it, cash is playing an increasingly less important role in society.
In some ways this is great news for consumers. The rise of mobile and electronic payments means faster, convenient, and more efficient purchases in most instances. New technologies are being built and improved to facilitate these transactions, and improving security is also a priority for many payment providers.
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